Stop Fraud in Federal Programs Act of 2024

HR 8584, the Stop Fraud in Federal Programs Act of 2024, increases penalties for theft or bribery involving federal funds and adds audit requirements for the Summer Food Service Program. It raises the maximum prison term for such offenses from 10 to 20 years and defines a new "covered amount" for fines - the greater of $250,000 or twice the value of the property involved. The bill also requires annual independent audits of accounts for institutions participating in the Summer Food Service Program, with results submitted directly to the Secretary, and prohibits the institution itself from conducting the audit. These changes directly affect individuals or entities handling federal funds in programs like the Summer Food Service Program who commit fraud.